Decentraland and its native token MANA are well positioned to take advantage of the growth in blockchain-powered games inhabiting the metaverse and has been one of the most in-demand cryptocurrencies in 2021.
By Andrew Senior
December 3rd, 2021
Built on the Ethereum network, Decentraland allows users to create, explore, and trade in the first ever virtual world completely owned by its users. Gamers can explore a vast array of different areas ranging from outer space to medieval dungeons while buying, selling, and trading virtual land, estates, avatar wearable and names.
Decentraland has been one of the most popular games and cryptocurrencies in the entire market over the past year, generating returns of over 5,300% through the end of November. In the past three months along, MANA has jumped by over 500%.
Decentraland is one of the leading games to inhabit the metaverse and for investors interested in the future potential of the virtual realm, MANA could represent the perfect investment. Decentraland is an aggressive investment for those that believe the metaverse has a prosperous future ahead of it. Decentraland is the largest cryptocurrency related to the metaverse and currently sits at 23rd in relation to total market capitalization.
Decentraland has been at the forefront of virtual land sales in the metaverse as several high-profile multimillion-dollar purchases have already closed. Artists, musicians, and even businesses have all been jumping into Decentraland and offering up their various goods and services via NFTs. Corporations are setting up spaces to host virtual meetings and conferences and bands have already put on virtual concerts.
Interest in all things metaverse has been explosive and Decentraland is in a prime position to take advantage of the continued trend. MANA has seen explosive growth over the past year but there are several compelling reasons to think we are closer to the beginning of Decantraland’s story than the end.
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